Underwriter I or II, Surety
About The Position
A Surety career is an opportunity to define Intact’s Specialty Solutions offering and expand our business beyond $20 billion of total annual premiums. Leverage your insurance or financial background and strong people skills as you grow your career and solve the exciting challenges that each day brings in managing complex risks. Be part of a team whose size and sophistication help separate us from the competition in the space and contributes to our growing leadership in the Specialty Solutions market both in Canada and globally. We’re looking for an Underwriter I or II to join our growing Contract Surety team! As an Underwriter you will underwrite contract surety accounts by analyzing and assessing the financial and operational risks of contractors seeking surety bonds for projects. You will evaluate a contractor's capital, capacity, and character to determine the feasibility of extending surety credit. The position involves managing a portfolio of accounts, cultivating broker relationships, and ensuring profitable underwriting decisions in accordance with company policies. The successful candidate will demonstrate financial acumen and excellent rapport building skills by building and maintaining positive relationships with clients and insurance brokers.
Requirements
- Bachelor’s degree in business, accounting, or finance
- Experience requirements - Underwriter I: minimum 1 year of related business experience, Underwriter II: minimum 2 years of contract surety experience
- Solid understanding of financial statements
- Strong analytical and research skills
- A history of providing excellent customer service and sound judgment
- Strong interpersonal and communication skills
- Excellent organizational skills, attention to detail and the ability to handle multiple tasks in a high-volume, fast-paced environment
- Ability to work independently and collaborate with co-workers in a team setting
- Proficiency with MS Office Suite of products
Responsibilities
- Manage a diverse portfolio of contract surety accounts
- Analyse and secure underwriting data, perform financial analysis and apply critical thinking on underwriting decisions and client relationship issues
- Assess risk and appropriately recommend approval of new and renewing contract surety facilities
- Build partnerships with brokers and clients, delivering surety solutions at the account level in a professional and responsive manner
- Develop broker relationships and marketing strategies to further new business development opportunities
- Prioritize workflow to maximize productivity and meet deadlines
- Assist in the preparation and submission of special acceptances to reinsurers
- Maintain quality control and profitable growth
- Maintain a strong knowledge of construction industry trends, market conditions, and current challenges and opportunities
- Actively participate in industry functions, forums and events
Benefits
- Flexible work arrangements and a hybrid work model
- Possibility to purchase up to 5 extra days off per year
- Multiple benefits offered to support physical and mental wellbeing, including telemedicine, Wellness account and much more
- Share plan & other savings: up to 12% of salary or even more (ask how you could earn guaranteed income for life)
- Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance): 7.5%
- Employee Share Purchase Plan (ESPP) – with Intact matching 50% of your net shares
- Defined benefit pension plan offering guaranteed income for life
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
